These sectors continued to have the greatest volume of claims, making up a total of 68% of claims and 73% of the total amount claimed
R&D claims are concentrated in companies with a registered office in London, the South East or the East of England 46% of all claims and 61% of the total amount claimed
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Based on government office region
Number of claims
Amount claimed £(m)
Regional allocation is based on the postcode of the company’s registered address, which might not correspond to where the R&D activity takes place, so caution must be exercised when interpreting these figures. Figures exclude claims where region is not known. Numbers are rounded to the nearest 5 and amounts are rounded to the nearest £5m.
Number of claims
Amount claimed £(m)
This coding might not correspond to the industry sector of the R&D activity, so caution must be exercised when interpreting these figures. Figures exclude claims where industry sector is not known. Numbers are rounded to the nearest 5 and amounts are rounded to the nearest £5m. Where the number of claims is less than 5, or the value of claims is less than £5m we have excluded that sector from our results. This is the case for the Mining & Quarrying and Public Administration, Defence and Social Services sectors.
We spoke to Accountancy Age’s Managing Editor, Austin Clark, about the recently published HMRC statistics on R&D tax credits.
While these latest figures show that the number of claims by UK businesses is increasing, GovGrant’s CEO Luke Hamm suggests much more needs to be done to encourage more organisations to take advantage of the credits available. With the UK still way behind our major competitors when it comes to government expenditure on R&D support, Luke discusses a way forward.
Posted on Thursday 10 October 2019
Commenting on HMRC’s analysis of UK R&D tax credits in its report, published today Luke Hamm, CEO of innovation tax specialist GovGrant, which has helped businesses claim back over £200m for their R&D, sai...
Posted on Thursday 10 October 2019
Innovation tax specialist GovGrant comments on the annual HMRC tax credits statistics and says Government needs to demonstrate that it really is pro-business. Commenting before the publication today (10 October) o...
Posted on Friday 07 June 2019
GovGrant CEO Luke Hamm has welcomed HMRC’s (HM Revenue & Customs) decision to crack down on abuse of the R&D tax relief system. GovGrant, which is a member of the HMRC Research and Development Consultative...